Judge rejects mediation request by Blixseth

March 7, 2013 @ 4:00 pm

BILLINGS, Mont. (AP) - A federal judge has denied a request for court-ordered settlement talks sought by Tim Blixseth, the founder of Montana's Yellowstone Club for the ultra-rich.

Blixseth, a resident of Washington state, had requested mediation to resolve the dozens of legal actions that have arisen since the club went bankrupt in 2008. It's now under new ownership.

U.S. District Judge Sam Haddon said in a Wednesday order that he does not have the jurisdiction to order talks among the many parties involved.

Among the lawsuits still in play, the state of Montana is seeking $57 million in alleged back taxes, while Blixseth is seeking billions in damages against Credit Suisse over a loan that allegedly set the resort up to fail.

Haddon also denied Blixseth's appeal of the club's 2009 reorganization plan.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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  • maplefish wrote...
    This Yellowstone Club
    February 15, 2013 7:18 pm
    Was nothing but a SCAM from the get-go.... I hope Mr. Blixseth loses everything. This guy was no better than Bernie Maddoff or .....Al Gore.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • { "Thumbs Up":"1","Thumbs Down":"-1" }